ASX200 - 22h expiry - We look to Buy at 7468 (stop at 7411) The medium term bias remains bullish. Bespoke support is located at 7468. This over-extended move shows no sign of slowing. Preferred trade is to buy on dips. Our profit targets will be 7588 and 7625 Resistance: 7531 / 7588 / 7620 Support: 7468 / 7447 / 7395 Risk Disclaimer The trade ideas...
Approaching 50 SMA, once it touches 200 SMA it should fill the gap IMO
Target 1 remains at 7,814 for the ASX200 (AU200) We based the decision on a large Rounding Bottom that formed in 2022. Now we have a new Cup and Handle form. 7 >21 >200 MA RSI >50 - Upward momentum - Bullish Funny enough, the target remains at 7,814. BULLISH
ASX200 - 24h expiry - We look to Buy at 7105 (stop at 7065) We are trading at overbought extremes. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 7220 and 7280 Resistance: 7340 / 7590 / 7800 Support: 7140 / 6965 /...
ASX200 - 21h expiry - We look to Buy at 7000 (stop at 6960) Selling pressure from 7171 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The medium term bias remains bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be...
ASX200 - 21h expiry - We look to Buy at 7160 (stop at 7120) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. The 200 day moving average should provide support at 7141. Preferred trade is to buy on...
Rounding Bottom has formed on ASX but the breakout was not strong at all. I think there'll be a retest to the previous support, which could jolt the price up to a target of 7,814 7 >21 >200 MA looking bullish. Now we wait
Splitit has fallen beyond 90% from all time highs. In respect to fibbonacci re-tracement and extension going downwards, I'm hoping to add more positions at 15c and 9c.
Above upward sloping 20, 50 sma RSI 70 either overbought up trending Macd positive and above signal line Target = previous high
ASX200 - 22h expiry - We look to Buy at 7025 (stop at 6975) Buying pressure from 6959 resulted in prices rejecting the dip. Previous resistance level of 7027 broken. This is positive for sentiment and the uptrend has potential to return. Further upside is expected although we prefer to buy into dips close to the 7025 level. Our profit targets will be 7170...
ASX200 - 22h expiry - We look to Buy at 6875 (stop at 6825) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation...
Everything is clear on the chart... I am going long on this one ASX:CGC
Great yearly support... Time divergence... Waiting for trendline break... ASX:GSN
A great yearly support + Fibo level as support... An eye-catching time divergence...
A great support underneath along with a possible trend line break in future has made it a chance for me ! ASX:HHR
ASX200 - Intraday - We look to Buy at 6985 (stop at 6906) 6980 continues to hold back the bears. The lack of interest is a concern for bears. Preferred trade is to buy on dips. Further upside is expected. Our profit targets will be 7157 and 7200 Resistance: 7160 / 7300 / 7630 Support: 6980 / 6800 / 6425 Risk Disclaimer The trade ideas beyond this page are...
$BWP- Cup and Handle Pattern. It closed above the 20, 50 and 200 MA looking good!
sharing my view on XJO , previous close above , i have been sharing my view earlier this week due to holidays sharing my brief view the trend is positive and moved above our previous swing high on weekly basis.